NEW EMPLOYEES- initial grant
NOTICE OF GRANT OF STOCK OPTION
BIOLASE TECHNOLOGY, INC.
2002 STOCK INCENTIVE PLAN
Discretionary Option Grant Program
Notice is hereby given of the following grant (the “Option”) to purchase shares of the Common Stock of the Corporation:
Exercise schedule : This Option shall become exercisable for one-third of the Option Shares upon Optionee’s completion of one
year of Service measured from the Vesting Commencement Date. The Option shall become exercisable for the balance of the
Option Shares in a series of eight successive three-month equal installments upon Optionee’s completion of each additional
three months of Service over the twenty-four month period measured from the first anniversary of the Vesting Commencement
Date. In no event shall the Option become exercisable for any additional Option Shares after Optionee’s cessation of Service.
Terms and conditions: Optionee understands and agrees that the Option is granted subject to and in accordance with the terms
of the BioLase Technology, Inc. 2002 Stock Incentive Plan (the “Plan”). Optionee further agrees to be bound by the terms of the
Type of option
Vesting Commencement Date
Same as grant date
Ten years from grant date
Number of Option Shares
Exercise Price per Share
BioLase Technology, Inc.
and the terms of the Option as set forth in the Stock Option Agreement attached hereto as Exhibit A . Optionee acknowledges
that the right to exercise the options expires 90 days after termination of employment. Optionee hereby acknowledges the
receipt of a copy of the official prospectus for the Plan in the form attached hereto as Exhibit B . A copy of the Plan is available
upon request to the Corporate Secret